Press Release
U.S. Department of Commerce Invests $300,000 to Support Green Building Materials Manufacturing in New York City
Contact: Public Affairs Department, (202) 482-4085
Thursday, September 12, 2013
WASHINGTON — The U.S. Department of Commerce’s Economic Development Administration (EDA) today announced an $300,000 grant to the Pratt Institute of Brooklyn to conduct an assessment of the production and use of green building products in New York City. The study will support the growth of the green building cluster in New York and complement the efforts of the Spec It Green Manufacturing Initiative to encourage the use of locally-produced green building materials.
“The Obama administration is committed to supporting cutting-edge, green manufacturing,” said Deputy Assistant Secretary of Commerce for Economic Development Matt Erskine. “This EDA investment will help green building materials manufacturers in New York City better identify markets for their products and will help end-users identify and purchase them.”
The EDA grant will fund a strategic market assessment by the Pratt Institute that will survey approximately 100 green building manufacturers and approximately 50 green building purchasers based in New York City. The survey will aim to identify the gaps between regional supply and demand for green building products; assess the demand for, and regional capacity to, develop innovative green building products; and identify inefficiencies in current green manufacturing operations. The findings will help manufacturers connect with consumers of green building materials and will identify ways commercial end-users can be made aware of the latest innovations in this growing field.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.